The Ponzi scheme Earn World collapsed in early July, leaving investors facing losses of up to 90%. Owner Suki Chen, also known as Sukijami Chendrawan, is reportedly in hiding as users remain locked out of their accounts. The platform initially blamed a cryptocurrency market crash for its woes.
On July 6th, Earn World abruptly locked investor accounts, citing scheduled maintenance. Three days later, the company issued a statement attributing the disruption to a severe crypto market crash that supposedly liquidated its trading positions. Investors were then informed that approximately 10% of company funds remained. No verifiable evidence of Earn World’s trading activities or the claimed 90% losses has been presented.
The company canceled an incentive trip to Bali on July 11th. While wallet and node functionality was reportedly restored on July 14th, withdrawals remain disabled as of July 21st. Earn World operated for six months, functioning as a relaunch of the Streakk Ponzi scheme, which collapsed in January 2024. Both schemes were managed by Chen from Dubai, a jurisdiction identified by ScamTelegraph as a global hub for MLM-related crime.
Communications from Earn World "leaders" reveal conflicting accounts of Chen's whereabouts following the collapse. One message from July 8th placed Chen in the U.S. preparing to establish a new building in El Salvador. By July 14th, another message indicated Chen was unreachable, making the idea of leaders traveling to San Salvador impossible due to his unknown location.
Coinciding with Earn World's collapse and Chen's disappearance, marketing materials previously featured on BusinessForHome have been removed. BusinessForHome owner Ted Nuyten has not publicly commented on the removal of this content or the Earn World situation. Investors seeking information or recovery options have found no clear path forward.